Kura Sushi USA (NASDAQ:KRUS) Given New $38.00 Price Target at TD Cowen

Key Points

• TD Cowen lowered its Kura Sushi USA price target to $38 from $51 and maintained a Hold rating; that target implies 38.79% upside from the prior close.
• Analyst views are mixed, but the consensus rating is Hold with an average target of $60.78. KRUS fell to $27.38 on Friday, near its 52-week low.
• Kura Sushi missed quarterly estimates, reporting EPS of $0.08 versus $0.18 expected and revenue of $88.88 million versus $90.88 million expected.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) had its target price cut by stock analysts at TD Cowen from $51.00 to $38.00 in a report released on Friday, Benzinga reports. The firm presently has a "hold" rating on the stock. TD Cowen's price objective would suggest a potential upside of 38.79% from the stock's previous close.

Several other analysts have also recently weighed in on KRUS. Wall Street Zen cut Kura Sushi USA from a "hold" rating to a "sell" rating in a research report on Saturday, October 24th. DA Davidson reduced their target price on Kura Sushi USA from $55.00 to $41.00 and set a "buy" rating on the stock in a report on Friday. Weiss Ratings reissued a "sell (e+)" rating on shares of Kura Sushi USA in a research report on Wednesday. Zacks Research raised Kura Sushi USA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 23rd. Finally, William Blair cut Kura Sushi USA from an "outperform" rating to a "market perform" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $60.78.

Kura Sushi USA Price Performance

Kura Sushi USA stock traded down $9.69 during mid-day trading on Friday, reaching $27.38. 1,019,784 shares of the company traded hands, compared to its average volume of 304,964. Kura Sushi USA has a 52-week low of $26.32 and a 52-week high of $80.84. The firm has a market capitalization of $332.67 million, a price-to-earnings ratio of -152.10 and a beta of 1.38. The firm's 50 day moving average price is $38.76 and its 200 day moving average price is $52.83.

Kura Sushi USA (NASDAQ:KRUS - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.10). Kura Sushi USA had a negative return on equity of 0.18% and a negative net margin of 0.65%. The company had revenue of $88.88 million during the quarter, compared to analysts' expectations of $90.88 million. On average, sell-side analysts anticipate that Kura Sushi USA will post -0.05 EPS for the current year.

Institutional Investors Weigh In On Kura Sushi USA

Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Kura Sushi USA by 15.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 187,906 shares of the company's stock valued at $13,110,000 after purchasing an additional 25,031 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in Kura Sushi USA during the 2nd quarter valued at about $4,322,000. Sei Investments Co. increased its stake in Kura Sushi USA by 92.1% during the 1st quarter. Sei Investments Co. now owns 44,162 shares of the company's stock valued at $3,082,000 after purchasing an additional 21,174 shares in the last quarter. Moody National Bank Trust Division raised its holdings in Kura Sushi USA by 30.1% in the second quarter. Moody National Bank Trust Division now owns 53,463 shares of the company's stock worth $3,077,000 after buying an additional 12,366 shares during the last quarter. Finally, Corient Private Wealth LP purchased a new position in Kura Sushi USA in the second quarter worth about $2,219,000. 65.49% of the stock is owned by institutional investors.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates technology-enabled Japanese restaurants in the United States under the Kura Revolving Sushi Bar brand. Its restaurants feature a conveyor-belt dining format in which customers select dishes as they pass by, along with touchscreen ordering and automated systems designed to support restaurant operations.

The company's menu includes a variety of sushi and other Japanese dishes, including nigiri, rolls, sashimi, appetizers, desserts and beverages. Kura Sushi USA also incorporates interactive elements into the dining experience, such as its Bikkura-Pon reward system, which offers customers games and prizes based on returned plates.

Founded in 2008, Kura Sushi USA is headquartered in Irvine, California, and is affiliated with Kura Sushi, Inc, a Japanese restaurant company.

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